EUR/USD decline likely to continue - Technical Analysis - Dukascopy Bank
Tue, 27 Apr 2021 04:27:14 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
39%
39%
1.4%
Shorts
61%
61%
-0.9%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Sell
Neutral
Stochastic(5;3;3)
Sell
Neutral
Sell
Alligator(13;8;5)
Buy
Buy
Neutral
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇒
⇗
⇒
On Monday, the common European currency declined by 50 pips or 0.41% against the US Dollar. The decline was stopped by the 55– hour simple moving average during yesterday's trading session.
All things being equal, the exchange rate could continue to edge lower during the following trading session. The potential target for sellers will be near the 1.2000 level.
However, the 55– hour SMA at 1.2075 could still provide support for the EUR/USD currency exchange rate today.
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